forecasts

Jeremy Grantham, a Wall Street veteran, voiced skepticism over the Federal Reserve’s optimism in sidestepping an impending recession. Grantham, known for his often bearish market predictions, expressed these concerns in a recent conversation with David Rubenstein for Bloomberg Wealth. "...

JPMorgan Chase & Co. (NYSE: JPM) reported better-than-expected second-quarter financial results. JPMorgan reported net revenue (managed) of $42.4 billion, up 34.1% year-over-year, beating the consensus of $38.96 billion. Adjusted EPS was $4.37, beating the consensus of $3.99. JPMorgan shares...

Wells Fargo & Company (NYSE: WFC) reported better-than-expected second-quarter financial results. Wells Fargo reported quarterly EPS of $1.25, beating the consensus of $1.15, with revenues of $20.53 billion, up 21% Y/Y, above the consensus of $20.07 billion. The company sees 2023 net interest...

State Street Corporation (NYSE: STT) reported better-than-expected second-quarter earnings. State Street reported quarterly revenues of $3.11 billion, up 5% Y/Y, missing the consensus estimate of $3.14 billion. EPS of $2.17 beats the consensus estimate of $2.10. State Street shares fell 12.1% to...

The global economy, as depicted in the June 2023's OECD Economic Outlook, is exhibiting signs of improvement — albeit with a fragile upturn and substantial downside risks. There have been positive adjustments in global GDP growth, which is now expected to reach 2.7% in 2023 and...

Nokia Corporation (NYSE: NOK) dips roughly 10% after slashing its outlook for the Devices and Services units for the second quarter. Mobile phone giant Nokia warned that its sales and margins for the second quarter and full year will be affected by high competition in the smartphones market,...